74 Signature of auditors’ report.U.K.
(1)The auditors’ report to the members of a friendly society or registered branch shall state the names of the auditors and be signed by them.
(2)The copies of the auditors’ report which are sent to the [F1Authority] under section 78(1) or (2) below shall be signed by the auditors.
(3)Every copy of the auditors’ report which is laid before the society or branch in general meeting, sent to the [F1Authority] or is otherwise circulated, published or issued shall state the names of the auditors.
(4)If a copy of the auditors’ report—
(a)is laid before the society or branch, sent to the [F1Authority] or otherwise circulated, published or issued, without the required statement of the auditors’ names; or
(b)is sent to the [F1Authority] without being signed as required by this section,
the society or branch and every officer of it who is in default is guilty of an offence and liable on conviction on indictment to a fine.
(5)References in this section to signature by the auditors are, where the office of auditor is held by a body corporate or partnership, to signature in the name of the body corporate or partnership by a person authorised to sign on its behalf.
Textual Amendments
F1Words in s. 74(2)-(4) substituted (17.8.2001 for specified purposes and otherwise 1.12.2001) by S.I. 2001/2617, arts. 2, 8(1), 13(1), Sch. 3 para. 88 (with art. 13(3), Sch. 5); S.I. 2001/3538, art. 2(1)
Commencement Information